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German Company Aims to Bring 1,000 Bitcoin ATMs to North America

Avatar newsbtc 5 years ago

A German company has entered a strategic partnership that hopes to have a large-scale bitcoin ATM network built up over the next year, CoinDesk reports.

Plans were announced this weekend at the North American Bitcoin Conference in Chicago, Illinois that BitXatm (who specializes in point-of-sale systems) of Munich is working hand-in-hand with California-based CryptVision to distribute 1,000 machines in the United States and Canada.

The companies plan to have most of the devices in operation by the end of the year.

The devices, also known as Sumo Pros, are quite flexible when it comes to operator options. The choices of which fiat and digital currency can be used are broad (they can be used in one-way or two-way configurations, allowing users to both buy and sell digital currency) and the devices will be free to “qualified” operators.

A qualification process will open this week, on July 25th.

Sumo BitxATM Construction

Operators of the devices will also have a web-based back-end management system that will allow them to manage profits, monitor statistics, and even changes settings on the units remotely.

Bitcoin ATMs are becoming increasingly popular not only in the United States, but around the world. Their presence allows seasoned users and newcomers easy access to acquiring or selling digital currencies.

More information as it becomes available.

For the full report, you can click here to be re-directed to CoinDesk.com.

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